Obama signed into law the American Recovery and Reinvestment Act of 2009, colloquially called “the stimulus bill.” The law was designed to create jobs, pump money into the economy, and increase consumer spending. The law contains provisions on infrastructure investing, aid to the unemployed and low-income persons, and housing. Obama said upon signing the measure: “The American Recovery and Reinvestment Act that I will sign today—a plan that meets the principles I laid out in January—is the most sweeping economic recovery package in our history.”